Mainstream Personal Finance Advice for Uninspired Americans

I spend many hours per week combing through websites, blogs, magazines, and books on personal finance to try and stay on top of my game and keep up with the latest news and sentiments (i.e. tax reform, health care, retirement research, etc.). Otherwise, I’m doing my readers a disservice by not being topical and relevant – or so my thinking goes.

With all of this research, occasionally, I find a few gems. Articles that add to my knowledge base or make me think about things in a new way. But one thing is clear when I filter through the mainstream personal finance space: mainstream personal finance advice is mostly geared to average Americans. And what is your average American? Well, when it comes to personal finance, it is:

The status quo for Americans in personal finance is pretty darn awful. And in order to avoid the wrath of comment troll haters (something I fervently embrace these days) and to keep their jobs, the writers for these media outlets must provide just slightly aspirational advice for the average American. For example:

That kind of advice is fine and dandy if you want average achievements or you’re looking to stroke the ole ego. But it’s baseline minimum stuff, and in many ways, quite damaging. Rarely will you see mainstream personal finance cover actual life-changing concepts like:

If you want to build life-changing wealth, you either have to put yourself in position to get lucky or truly defy status quo in your relationship with money. That’s not advice most people want to hear, but it’s the advice most people need to hear.

Now, I’m not staying that every piece of advice offered up on this site or elsewhere can or should be life-changing. If that is the standard, rarely would an article be published. But it should be honest and it should have a healthy amount of ambition. Sometimes I wonder what comes first: the lack of personal finance ambition among the population or the lack of advice to inspire it. We aren’t taught personal finance growing up so when we finally do take an interest in it, what are we able to find and assimilate?


  1. Rachel @ The Latte Budget
  2. Chris @ Duke of Dollars
      • Tim
  4. Nick
  5. Brandon

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